Foreign Demand for U.S. Treasuries Is Still Strong [View article]
USTreasury debt is apparently the new bubble. Lend money at 3% to the largest debtor on the face of the planet while said borrower is printing money like there's no tomorrow.
When the worlds creditors acknowledge that their dollar backed US debt is losing value faster than it earns interest the bubble will pop, and even more misery will be dumped on the US population.
Once again our politicians opt to kick the can down the road and let those in the future pay for our current problems.
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USTreasury debt is apparently the new bubble. Lend money at 3% to the largest debtor on the face of the planet while said borrower is printing money like there's no tomorrow.
Nov 18 11:56 am
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All Comments by Smarty_Pants »Foreign Demand for U.S. Treasuries Is Still Strong [View article]
When the worlds creditors acknowledge that their dollar backed US debt is losing value faster than it earns interest the bubble will pop, and even more misery will be dumped on the US population.
Once again our politicians opt to kick the can down the road and let those in the future pay for our current problems.